- USDTHB: moving in the range 33.565 – 33.59 this morning, supportive level at 33.45 resistance level at 33.65
- SET Index: 1,575.9 (+0.26%), 14 Oct 2026
- S&P 500 Index: 7,718.9 (-1.11%), 14 Oct 2026
- Thai 10-year government bond yield (interpolated): 2.370 (-0.04 bps), 14 Oct 2026
- US 10-year treasury yield: 5.19 (-2.00 bps), 14 Oct 2026
- U.S. CPI accelerated in September as gasoline prices surged
- ECB President signals no intervention in France’s fiscal crisis
- China’s PPI rose at fastest pace over four years, while CPI remained subdued
- China's trade surplus widened more than expected in September as exports surged
- Thailand’s Cabinet approved THB 50 billion housing loan scheme to boost homeownership
- Dollar swung on renewed inflation concerns
U.S. CPI accelerated in September as gasoline prices surged
The U.S. consumer price index showed inflation of 3.7%y/y in September from 3.4% in August, or rising 0.6%m/m. The monthly rise was largely driven by a 9.1%m/m surge in gasoline prices, which accounted for more than half of the increase, pushing the broader energy index up 5.2%. Shelter costs rose 0.4%, while food prices were unchanged. Meanwhile, core CPI increased 0.3% m/m, relatively unchanged from August, with annual core inflation edging up to 2.6% from 2.4%.
ECB President signals no intervention in France’s fiscal crisis
ECB President Christine Lagarde said on Wednesday, France must address its mounting fiscal challenges domestically, stressing that the primary solution lies in fiscal policy rather than ECB intervention. France is facing intensifying financial pressure as public debt approaches 120% of GDP and 10-year government bond yields rise to nearly 5%, pushing up borrowing costs and constraining economic activity. Fiscal consolidation is further complicated by high social spending, student protests and the upcoming presidential election. Lagarde also noted that the rise in bond yields is not unique to France, with yields climbing across the U.S., Germany and Japan amid rising public debt and a prolonged energy shock stemming from the Iran war.
China’s PPI rose at fastest pace over four years, while CPI remained subdued
China’s producer inflation accelerated sharply in September, with Producer Price Index (PPI) rose 5.0% y/y, the fastest pace since June 2022, driven by higher fuel and coal prices and exceeding expectations of 4.5%. Meanwhile, CPI edged up to 0.9% y/y, supported by a 16.6% surge in gasoline prices, while falling food prices capped the increase. Core CPI rose 1.0%, pointing to a gradual easing of deflationary pressures, though domestic demand remains relatively weak.
China's trade surplus widened more than expected in September as exports surged
China’s custom data pointed that exports soared 36.3% y/y, outstripping August's 25.0% rise and far exceeding expectations for 25.5%, which was the fastest since February. High-tech goods and cars continued to underpin shipments, with semiconductor exports rising 108.1% y/y in the first nine months. Auto exports increased more than 50% y/y. On the other hand, imports also remained robust, up 31.0% y/y compared with 28.2% in August. While September's trade surplus widened to US$133.53 billion, helped by a 20-month-high US$34.01 billion surplus with the U.S. and a larger US$34.8 billion surplus with the European Union.
Thailand’s Cabinet approved THB 50 billion housing loan scheme to boost homeownership
Thailand’s Cabinet approved a THB 50 billion housing loan scheme to support the property sector and homeownership among low- to middle-income households. The program offers mortgages of up to THB 3 million, with preferential interest rates of 2.6–2.8% for the first two years and terms of up to 40 years. Interested applicants may apply for the loan from October 15 to December 30, 2030, or until the credit line is fully utilized. The Ministry of Finance expects the scheme to generate around THB 125 billion in economic circulation.
Dollar swung on renewed inflation concerns
The 10-year government bond yield (interpolated) on the previous trading day was 2.370, -0.04 bps. The benchmark government bond yield (LB365A) was 2.311, -0.53 bps. Meantime, the latest closed US 10-year bond yields was 5.19, -2.00 bps. USDTHB on the previous trading day closed around 33.58 Moving in a range of 33.565-33.59 this morning. USDTHB could be closed between 33.45-33.65 today. The dollar index swung and climbed to an 18-month high on Wednesday while gold dipped and stock market futures turned negative following the release while bond yields were lower after US annual inflation exceeded expectations in September as markets has revived concerns over sticky underlying inflation and put a potential Fed rate hike back on the table.
Sources : ttb analytics , Bloomberg, CNBC, Trading economics, Investing, CEIC
